HOLME OAK, HAWKS TOR, LAUNCESTON, PL15 7EF - £275,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

HOLME OAK is a very large extended detached house of 215m², built sometime between 1983 and 1990, which could now be worth an estimated £352,802. It was last sold for £275,000 in September 2018, which was around 19% below the average September 2018 detached price in the Cornwall local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was C.

HOLME OAK Sold Prices

Land registry data shows two sales for HOLME OAK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. One of the two HOLME OAK sales was for below the average price, whilst the other was for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 25 SEP	£275,000	£340,810	19% below HPI
2004 27 FEB	£242,500	£232,042	5% above HPI

HOLME OAK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The two HOLME OAK sales from February 2004 and September 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2004 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the September 2018 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might HOLME OAK be worth now?

HOLME OAK might now be worth an estimated £352,802.

This is based on house price inflation of 28.3%, between September 2018 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.3% inflationary increase is applied to the most recent sale price for HOLME OAK of £275,000 on 25th September 2018. For the value to have increased from £275,000 to £352,802 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of HOLME OAK has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The September 2018 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of HOLME OAK has not materially changed since September 2018.

How Large is HOLME OAK?

HOLME OAK is 215m², which includes four extensions, according to the EPC inspection conducted in September 2018. This puts it in the largest 10% of detached houses houses in Launceston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Launceston, and where HOLME OAK lies on this distribution: 94% of detached houses houses are smaller than HOLME OAK, and 6% of houses are larger. Note that EPC data is not available for all properties in Launceston.

HOLME OAK: Plot and Title Map

HOLME OAK sits on a plot of roughly 0.319 of an acre, or 1,289m². The below map shows the location of HOLME OAK, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of HOLME OAK). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is HOLME OAK?

HOLME OAK is located on HAWKS TOR in LAUNCESTON, in the PL15 postcode district. The below map shows the position of HOLME OAK on HAWKS TOR.